MTU Aero Engines shares edge up on Q3 beat
** MTU Aero Engines MTXGn.DE shares rise 1.4% after the German engine manufacturer released third quarter results that beat expectations, boosted by its commercial business
** The company's Q3 adjusted EBIT rose by 42% to 273 million euros ($295 million), above the 235 million euros expected by analysts in a company-provided consensus. Its adjusted EBIT margin reached 14.7%
** "Today, we get confirmation of a strong spare parts momentum driving the solid performance in adj. EBIT margin," Jefferies writes
** MTU Aero Engine's stock, which is up 60% year-to-date, is among the top performers of Germany's blue-chip index .GDAXI
($1 = 0.9269 euros)
Reporting by Tristan Veyet and Isabel Demetz
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